• Fed Vice Chairman Stanley Fischer: some central bank could raise its interest rates in the near future

Market news

20 November 2015

Fed Vice Chairman Stanley Fischer: some central bank could raise its interest rates in the near future

The Fed Vice Chairman Stanley Fischer said on Thursday that some central bank could raise its interest rates in the near future.

"In the relatively near future probably some major central banks will begin gradually moving away from near-zero interest rates," he said.

Fischer also said that the Fed has done everything to prepare markets for the possible interest rate hike.

"While we continue to scrutinize incoming data, and no final decisions have been made, we have done everything we can to avoid surprising the markets and governments when we move," the Fed vice president noted.

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